What Can You Afford?
Before you start looking at homes, you need to understand your numbers. This guide breaks down what goes into your budget.
Understanding Your Buying Power
Your budget isn't just about what the bank will lend you — it's about what you can comfortably afford while maintaining your lifestyle.
The 28/36 Rule
Most lenders want your housing costs under 28% of gross income, and total debt under 36%. This keeps you in a safe financial zone.
Down Payment Options
Conventional loans often require 3–20% down. FHA requires 3.5%. VA loans require zero. Each option changes your monthly payment.
Closing Costs
Expect to pay 2–5% of the purchase price in closing costs. These include lender fees, title insurance, taxes, and more.
Monthly Payment Breakdown
Your payment includes principal, interest, taxes, and insurance (PITI). I'll help you understand what each part costs.
Pre-Approval vs. Pre-Qualification
Pre-qualification is an estimate. Pre-approval involves a full credit review and gives you a real number sellers take seriously.
Hidden Costs of Homeownership
Budget for maintenance, HOA fees, utilities, and unexpected repairs. A good rule: set aside 1% of the home's value annually.
Jonathan's Trusted Lenders
These local loan officers specialize in FHA, VA, USDA, and first-time buyer programs. Each one has a strong track record in the Columbus market.
Jenny Gardner
Senior Loan Officer — CrossCountry Mortgage, LLC · NMLS# 1264335
4 Bradley Park Court, Suite 2A, Columbus, GA 31904
Steven Lake
Senior Loan Officer — CMG Home Loans · NMLS# 715087
1200 Brookstone Centre Pkwy, Ste 105, Columbus, GA 31904
Drew Lingo
Branch Manager — NorthStar Mortgage · NMLS# 2075184
6053 Veterans Pkwy, Columbus, GA 31909
Columbus, GA Market Snapshot
Columbus remains one of the most affordable markets in the Southeast. Here's what you should know about local pricing.
The median home price in Columbus is significantly below the national average, giving buyers more purchasing power.
Many neighborhoods near Fort Moore offer homes well within BAH budgets for E-5 and above.
Columbus offers a mix of historic homes, new construction, and suburban communities at a range of price points.
Property taxes in Muscogee County are competitive, keeping your total monthly payment manageable.
Let's Talk Numbers
I'll connect you with a lender and help you understand your full budget.